KAFE Mornings

Pay yourself first!

Posted on November 19, 2013 by Mandy

If you struggle to save money every month, put some aside before you even get your hands on it! Open a separate account to keep your hands off some of your cash. Use your checking account for regular expenses, including your mortgage, utilities and food and entertainment. But think of your savings account as off limits. If you set up automatic transfers to your savings account, you won’t even notice the money is missing from your checking account. It’s important to pay yourself first with that transfer because if you wait till the end of the month, you may have nothing left over to put in to that savings account.